What does "AS-IS" in an online auction actually mean?
I see auctions where they say the item is working, and then also say it's "as-is"? Where is this term officially defined? Thanks Jim W, so it sounds like "as is" means absolutely nothing in an online auction because the buyer has no way to inspect, right?
Public Comments
- It means that the item is being sold exactly as it is...there may be some damage, or the original packaging might not be included..but the seller is supposed to state this in the auction.
- I worked putting items up for on-line auctions and when we used "as is" it meant that it is obviously not new. It can be slightly damaged but still works fine, just beat up and worn looking, or it may have some other problem that might bother the person who buys it. I would beware "as is" if something looking/acting brand new is your ultimate goal-"as is" is the ultimate disclaimer online. P.S-it usually means it is non-returnable as well.
- It means " buyer beware " . the item is probably broken .
- "as-is" is a term used for people to "cover their butts" it means that the item is more than likely damaged or somthing missing ect...
- As-Is has no classical definition. It usually means there is no warranty on the item, expressed or implied. It would also be assumed that any item being sold "as-is" is used, and possibly broken to some degree. The term is often used by sellers to cover their tails from buyers. Refunds and exchanges are rare with items sold "as-is".
- "As is" means "You buy it, you own it. Don't come running back saying it doesn't work." No warranty, guarantee, or any-tee. Usually the item is something that costs more to test than to fix, and is probably best suited to a collector or a technician to use as spare parts or for a craftsman to refurbish. Caveat emptor! Legal definition from Law.com: "as is adj. description of a condition in a sales contract in which the buyer agrees to take the property (e.g. house, horse, auto, or appliance) without the right to complain if it is faulty. However, the buyer must have had the right to reasonable inspection, so that he/she has a chance to find any obvious deficiency. Intentionally hiding a known defect will make a seller liable for fraud and serves to cancel the "as is" provision."
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